20 May
These tech startup ideas are well researched, high demanding, and unique to implement in upcoming years. Please do read the description of ideas carefully to get a clear vision over that.
Introduction
Technology is currently transforming our lives at a rapid pace. Many people are more interested in entering the world of business through a tech startup. However, finding the right product or service and coming up with a good business idea is always difficult.
But there are numerous opportunities to become an entrepreneur and develop an innovative tech product or service. If you want to launch your own tech company, there are many profitable and low-capital tech startup ideas available to you. We've compiled a list of the most profitable tech startup ideas with bright future demands, you can start right now!
What are the Best profitable tech start-up ideas to start in 2023?
After the Covid-19 pandemic affect the life of humans and daily lifestyle is changed in a new way. Which has generated numerous amount of opportunities to start a new business that is of low capital and profitable.
The Tech Startups are increasing each day in every nation with various services and products. Which one is better to start with and has a more profit margin and a great market to cover? This question is a big headache for most of the people. We have researched over it and analyzed the data to collect some of the best tech start-up business ideas that could help you build your business empire.
List of Top 10 Tech Startup Ideas in 2023
- Virtual Healthcare and Digital Medical Service
- Centralized Digital Marketing
- Certified Online Learning
- CryptoCurrency and Digital Wallet
- AI assistant with Automation
- Data Research and Analysis
- Business Lead Sharing Platform
- Drone Pilot training center
- Online Asset Management Platform
- Online Patent filing platform
1. Virtual Healthcare and Digital Medical Service
The healthcare industry have grown by over 10 trillion USD in the year 2022. Recent research states that using new and emerging technologies in the areas of telecommunications are widely used in the healthcare sector. This allows entrepreneurs to start a healthcare start-up even without a medical background. Since this healthcare industry relies on a diverse range of other industries to operate, there are lots of opportunities for entrepreneurs with various academic qualifications and professional expertise.
Virtual healthcare sector has a variety of sub opportunities to get started:
A. Online clinical consultation
We often consult doctors for every small symptom that occur to us in our daily life. Whether it is a small scratch or viral fever, clinical consultation is a must for medicine prescribed by the doctor. After this Covid 19 pandemic, it feels scary to consult a doctor for these small clinical problems.
In this situation, online clinical consultation plays a vital role in the health care sector. Where the patient can consult a doctor at home without leaving a bed or a room on an online platform or a mobile app. With the help of a video call, a doctor can check the illness of the patient and provide him/her prescription that is required to cure it. The patient can also purchase the same prescribed medicine from the same platform where the consultation is done. This tech startup idea is a win-win situation for both doctor and patient.
B. On-demand pharmacy store
We are very well known to the e-commerce store and purchase all our daily use products online. Similarly, an on-demand pharmacy store is an online platform where a person can buy medicine from home by uploading the prescription and he/she can get the medicine delivered to the place in very little time.
With the small delivery charge, customers are happy to use this platform and always prefer to order their medicine as it is the best and safest way to get your medicines.
C. Appointment scheduling platforms
Hospitals and small clinics often get high rush and more waiting time in OPD. This time gap is hard to survive for a patient at a place with less or no comfort and also might have a chance to get infected by other patients.
The appointment scheduling system for hospitals and small clinics helps doctors to schedule the appointment with the patient in advance. So, that a patient does not have to wait for their turn and there will be very less rush in the hospital/clinic. It also helps doctors to schedule future visits to other hospitals and can schedule other tasks accordingly.
This appointment scheduling portal can also be helpful in online clinical consultation, where a patient can book the appointment in a slot when the doctor is available and the doctor does not have to worry about any conflict.
Like the online healthcare consultation business, the appointment scheduling system is also a win-win situation for both doctors and patients.
D. Electronic Patient Record Management (EPRMS)
Patients are rid of managing the files of multiple doctors and treatments. There might even a cure ness or treatment gap due to loss of the treatment, symptoms, and prescriptions. The maintenance of patient records and information is critical in determining a healthcare organization's standard of care. As a result, medical records management has emerged as the leading priority among healthcare institutions in search of solutions that implement data accessibility with daily workflows for overall revenue cycle management. This Electronic Patient Records Management system aims to improve data precision and reliability in order to boost efficiency and enhance medical treatments.
EPRMS is the most efficient and low capital tech startup idea in the healthcare sector.
2. Centralized Digital Marketing
Digital marketers today live and die on the various tools to manage and operate. In the current scenario, the digital marketing experts today have to work on multiple tools at a time and in daily work. Today the digital marketing is not limited to websites and ads, expanding the opportunities and new platforms, digital marketing field is now more vast and complex.
A digital marketer today manages tools like:
- Social Media marketing tool
- Ads management tool
- Email marketing tool
- Retargeting and tracking tool
- Analytics tool
- User experience tool
- Video marketing tool
- Content creation and curation tool
- Affiliate marketing tools
- Influencer marketing tool
- SEO tools
For entrepreneurs, it is a bigger opportunity and an open market with very little business competition. The tech startup idea is to create a Centralised Digital Marketing tool. Where all these services can be managed in a single place and can be sync with other platforms. This will be a game-changer startup business idea in the Tech field. Digital marketers will love it and a time, money, and resource-saving tool for them.
The exact idea is to create a SaaS platform for digital marketers for all sizes of companies from startups to enterprise agencies. Integrating each marketing tool available in a single platform to use which is easy to navigate and manage. A monthly fee per user will allow you to generate huge revenue in your business.
3. Certified Online Learning
The most trending tech startup of the 2020s is the Online learning platform. This was the rising industry growing rapidly fast as the need for the platforms increases drastically in the pandemic. People are getting attracted to it because online learning is way cheaper, more effective, and requires less time commitment than the traditional education system. It provides students the most possible flexibility in their academics. Students can access materials, courses, and video lectures at their own pace of time and at any place.
Below are some leading education platforms:
- Coursera
- Skillshare
- LinkedIn Learning
- Udacity
- Udemy
What are the possibilities of success in this tech startup idea?
This Era of online learning is changing students' methodology to get knowledge in their way and in the easiest format. Which haven't be changed for many years. This is changing the lives of the future generation and every student wants freedom in their education. There are more than 30 edtech unicorns worldwide and still, there are many small startups are being started in 1000s of numbers and all of them are successful because education is the big ocean and each edtech start-up is focusing on a specific niche or location which helps them to get easy and fast success in their business.
4. CryptoCurrency and Digital Wallet
Business models vary over time, sometimes as a consequence of market shifts, and sometimes as a result of technological advancements, leading to the birth of new and interesting trends.
Blockchain technology, the base of crypto currency and the digital wallet startups is changing the way of money transactions at a new level. Globally there are 972 Crypto Wallets companies, targeting different currencies and regions. The most popular crypto currency BitCoin has changed the view of digital currency/money in the business world. It's not just a new transaction medium but a mode of investment and a place to store your money with high security of blockchain.
You might be wondering there are nearly a thousand Crypto Wallets start-ups, why should I start new? Our Answer: When there are lots of public companies in the market selling shares to the public, why one would start a new one? When you create a public company in this much competition, people will still buy your shares and invest in your company. Because they believe in the value, vision, and ethics of the company that helped them with your services or products.
Similarly, when you see a new medium of currency, a new mode that changed every human's way of operating business, a thousand start ups is a very small number for such a big market. Most of the crypto startups are for specific regions or for a specific currency. Vision, Mission, trustable Ethics is the key to enter this competitive crypto market with a better chance of success for your tech startup.
5. AI assistant with Automation
We all are using automation and AI (Artificial intelligence) in both different ways. But the future of technology is combining AI with the automation in each and every electronic devices.
The most advanced tech startup idea for the year 2023 is AI Assistant with Automation. We all are using AI assistants on our mobile like google assistant, Cortana, etc... Those are the most basic levels of AI assistant in the market. But when we use Deep AI and machine learning in the AI assistance in our system. This could be the most advanced product in the market.
Imagine the real 'JARVIS' of Iron Man movie in real life. When AI assistance learns new things and does the work for us that even we can't even think of doing. But at the start-up stage, one can build an ai assistant that can do more than interact with humans like it can manage whole computer systems including the OS, Commands, and the third-party software/apps in the device. This can be very useful in businesses, security, device management, tracking systems, etc... This could be the advanced version of Cortana which will have 40X more advanced features that make one's life easier.
6. Data Research and Analysis
It is said that data is the new oil for the 21st century. But, whether it is oil or data, it needs to be purified at a certain level to make it usable, to make it fuel or information(from data).
This world now has a lot of data and lots of sources to collect new data, but only a few companies are providing analyzed and well research data to use for your business. Due to low competition and very high demand, Data research and analysis companies are earning above imagination. This great source of income allows them to pay a small amount to the data source for valid and quality data.
The tech startup idea for data research and analysis is, to create an efficient and easy-to-use tool or platform that allows other startups or companies to analyze the data for their business. The platform will also provide pre-analyzed quality data to other startups and companies.
Very less competition and much high demand with a continuous increase every year, this tech startup idea is the most efficient, profitable, idea with a bright future.
7. Business Lead Sharing Platform
Most important aspect of any business is sales, and sales totally depend on the leads. Lead generation for a new startup is a complex, time-consuming, and money-consuming step. To overcome that issues, Lead sharing platforms are there in the market, which shares lead to the various companies for a small charge. There are more than 60 effective and popular lead-sharing platforms worldwide. Still, customers are not getting attracted towards it, despite being the easiest way to fulfill their requirements.
This is the most efficient and low capital tech startup idea. The quality B2B lead sharing platforms. Currently available platforms' structure and process are too Bizarre for clients or customers. No customer/client would like to push itself in a spam cycle of leads with spam calls, emails, and messages. This irritates customers.
A quality-based confidential B2B lead sharing platform is the most demanding platform in the current sales market. The idea is to build a lead sharing platform with an architecture where customers get their data confidentiality and security, which does not push them into the spam sales cycle by the businesses. A proper consultation by the sales experts of the platforms to the customer is the key to the success of this startup. Sharing the product/service providers' details to them with detailed reviews and comparisons. Connecting each other without sharing any contact details of customers will allow people to use this tool for their daily business needs.
8. Drone pilot training center
A drone or unmanned aerial vehicle (UAV), usually refers to an aircraft without a pilot in it. It is an aircraft without any human pilot, crew, or passengers inside it. Drones need a system of communications with an additional ground-based remote controller. A drone pilot is responsible for operating a drone.
Nowadays, drones are used for multiple purposes like photography, delivery, traffic control, etc... But it was invented to be used in war or military purposes. Though a person is handling it from the ground, he/she has to be an expert in operating it. As the drones can also harm other humans, so the pilot needs license to operate it.
Drone pilot training center is the best tech startup idea for the year 2023. This will really be in high demand as its popularity and use increasing day by day. A drone training center will be a mandatory step to get a license to fly a drone even in nearby. This is going to be the most demanding tech startup business of the year 2022-2023.
9. Asset Management Platform
In every country of the world and every industry is well connected with the finance industry. The finance industry is the biggest industry and does more than a trillion dollars of transactions daily.
But what's the tech startup idea in this finance industry? Today People having high incomes are looking for a place to invest their money which brings high returns on their investments. But they don't have time to do regular research for that. They always connect with the Asset Management Company (AMC). There are two different ideas for asset management platforms.
A. B2B2C Aggragetor: You can start a platform where you will connect the Asset management firms with the customers. Providing various asset management packages to customers with higher returns and a progressive history will get a lot of new clients for the investment. You can be an incubator/agent or can charge a commission fee on both ends.
B. B2C Aggragetor: Here you will manage your own asset management company where you will provide your clients with the different investment strategies like bonds, shares, debts, gold, etc... You will research, manage and handle the whole process of this business. You don't have to pay or ask for commissions.
If you are interested and have knowledge of the Finance industry, this is the best opportunity to grab with very less competition and high demand.
10. Online Patent filing platform
The United States holds the second position in Patents with 3.34 million patents in 2020. Whether it's an enterprise or a startup, if any person has an idea that can change the world, will definitely run for a patent for that idea. The patent is the most important part of any business and the new patents will increase day by day with the never-ending market.
This is tough but a good choice of a tech startup idea. Where you will create an online platform for filing new patents of the companies and customers. All the processes will be done and managed by your platform while customers will just file a patent on your portal. The portal also includes some tools like finding similar patents, providing document creation services, Patent breach notice, proofreading, etc... You can also add other similar services like Trademark and copyright filing. You will charge an agent fee for all these services or can provide a subscription model to use the platform.
Trust is the most important thing that you need to gain in this tech startup idea. You can provide the NDA for the data and information that is provided by your customer to increase the trust of customers and increase sales.
Conclusion
There are much more tech startup ideas than the ones listed above. But these were the most efficient ideas with a great profit margin and bright future demands. You should select an idea in which you have deep industry/field knowledge and experience. If you have knowledge in sales, you should go with business lead sharing, if you are from the healthcare sector, select Virtual Healthcare idea, if you know how to play with data, Data Research and Analysis is for you.
We at polestar tech consultancy, not just develop the technology solutions for your startup or business but we provide proper guidance for the solution of your vision for your business empire. We believe, your business success is our business success. If you are still confused about what to select and where to start, request a free consultation and get all your solutions under one roof.
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Jay Pala